We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Income tax proposal of November 2134
Details
Submitted by[?]: New Aldurian Conservative Party
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: March 2136
Description[?]:
| The New Aldurian Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Aldurian Republic. This is an across-the-board tax cut in response to the increase in the budget surplus. It will still result in a limited surplus, but it will return the surplus to the people. |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 741 ALD | 3% | 1,280,000,000 ALD |
| > 1,483 ALD | 8% | 10,233,000,000 ALD |
| > 3,707 ALD | 13% | 27,724,000,000 ALD |
| > 7,415 ALD | 19% | 78,728,000,000 ALD |
| > 14,829 ALD | 24% | 131,645,000,000 ALD |
| > 29,658 ALD | 29% | 116,546,000,000 ALD | Total | 366,156,000,000 ALD |
Debate
These messages have been posted to debate on this bill:
| Date | 03:48:01, November 03, 2005 CET | From | United Socialist Front | To | Debating the Income tax proposal of November 2134 |
| Message | If we are in surplus, let us spend more, or save money. Not cut taxes. |
| Date | 03:54:20, November 03, 2005 CET | From | New Aldurian Conservative Party | To | Debating the Income tax proposal of November 2134 |
| Message | Tax cuts stimulate the economy. Of course, we are sure that voters love hearing that politicians have invented new ways to spend their money. |
| Date | 04:53:23, November 03, 2005 CET | From | New Aldurian Conservative Party | To | Debating the Income tax proposal of November 2134 |
| Message | Tax cuts stimulate the economy. Of course, we are sure that voters love hearing that politicians have invented new ways to spend their money. |
| Date | 15:01:20, November 03, 2005 CET | From | Aldurian Libertarian Socialist Party | To | Debating the Income tax proposal of November 2134 |
| Message | I think our surplus are not important enough yet to cut taxes. It is better to save now for the future, than lower taxes and raise them again latter. OOC: In Canada, social groups actually fight tax cuts... |
| Date | 20:37:00, November 03, 2005 CET | From | New Aldurian Conservative Party | To | Debating the Income tax proposal of November 2134 |
| Message | We feel that trimming the tax burden, especially on the middle and lower classes, is a good way to stimulate the economy, as it will permit those people to buy more goods, thus stimulating economic growth and fuller employment. |
| Date | 01:53:00, November 04, 2005 CET | From | United Socialist Front | To | Debating the Income tax proposal of November 2134 |
| Message | We were never ones for "Trickle-down" conomics. All economic phenomena that happen a priori in the private sector can be created artificially. So, they both can work, either a slightly organised jungle, or an efficient civilisation of an economy. We prefer the latter. |
| Date | 04:20:37, November 04, 2005 CET | From | Aldurian Moderates | To | Debating the Income tax proposal of November 2134 |
| Message | We fully support this bill. First, it attempts an equal cut accross the board. (5% except between 3,707 ALD and 7,415 ALD). Therefore, the poor receive the same benefits as the rich. Second it allows the poor to safe and increase their lot in life. Often they lack proper access the money they lose in taxes. This will ensure that they keep it. |
| Date | 05:01:53, November 04, 2005 CET | From | United Socialist Front | To | Debating the Income tax proposal of November 2134 |
| Message | Either way things go back to the people. However, in one case, the returns are equal, efficient and organised. In the other, it is proportional only to their current condition. |
| Date | 05:13:11, November 04, 2005 CET | From | New Aldurian Conservative Party | To | Debating the Income tax proposal of November 2134 |
| Message | We would like to note that our largest tax cuts were on the rates of the poor. Below 7415 ALD, we cut taxes by 2% for every bracket (which, we would add, is a 40% marginal cut for the lowest tax bracket). From that point up, the cut was 1% for each bracket. The poor and lower-middle classes do benefit from this act more than the rich do insofar as the portion of their tax burden that is reduced. The highest bracket only recieves a cut of 3.3% of their tax burden after all, compared to that 40% for the lowest bracket and 20% for the next-lowest bracket. |
| Date | 15:31:12, November 04, 2005 CET | From | Aldurian Libertarian Socialist Party | To | Debating the Income tax proposal of November 2134 |
| Message | We agree with the NACP that their taxcuts are fair. However, we don't have enough surplus to justify a taxcut. |
| Date | 15:45:13, November 04, 2005 CET | From | Market Socialist Party | To | Debating the Income tax proposal of November 2134 |
| Message | It is a rather illogical idea to tax people just to save money. If there is a surplus it means two things... 1. The government should spend more in order to boost the economy 2. The government should cut taxes to stimulate consumer spending and investment but in no case should the government just store up money. I will vote for this bill |
| Date | 19:39:44, November 04, 2005 CET | From | Aldurian Libertarian Socialist Party | To | Debating the Income tax proposal of November 2134 |
| Message | It is not a question of 'storing up'. It is a question of having small reserves in order to be able to maneuver around the up and down of the economy. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||
| yes | Total Seats: 147 | |||
| no |
Total Seats: 123 | |||
| abstain | Total Seats: 131 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "History is made by angry minorities, not by passive majorities." - Fareed Zakaria |